Hello Qibucks,
I would like to know how you plan to incorporate the bullion, you are purchasing (for QBK).
As i understand it Banks hold bullion to secure there currency, if currency drops too low, bullion is liquidated to purchase said currency, to raise the value?
This system has been a point of distrust and dishonesty for a very long time. Most people believe that if fort Knox was audited, it would be millions or billions short.
The current Banking system, is a big part of why crypto currency has been born, no one trusts the banking system. So im not sure copying that system is the ideal solution.
I can see you are enjoying buying bullion,and for personal investment this is a sound plan, sit on it and wait for capitol gains.
But for QBK, i cant see how this will generate income streams, which will be the life blood of this currency, bag bonuses.(profit sharing)
The first few bag bonuses were quite profitable, as time has gone on, still nice, but not as profitable.
As i understand it these bonuses come from the income streams that were set up with the ICO funds, and for a while you have been subsidizing them with personal funds as well?
This is what gives me a lot of confidants in your integrity. I can see you are continually working on something, and donating it to the assets sheet, as i see it, we need to find and develop more income steams to float the bonuses without your financial input. BTC based funding is ideal, but any revenue that can sustain the payouts will work just fine.
Currently about 5btc gets market price to 100k, so a 10btc injection should hold coin above 75k, taking into account coin flippers and dumps.
I assume the 55k at the top of the rich list is your addy how much of that do you plan to sell off?
I can see pretty well all the founders or top 25 addys, have held there coins solid through the last big rise that peaked at 77k, which is also encouraging.
But i would like to know how you plan to sustain the bagbonuses (profit sharing), using bullion? before i sink any real money into this venture
This is in no way an attack or meant with any disrespect, I know how much you put into this coin.just want to see what you have on your mind